Montanaro UK Smaller Companies (LON:MTU) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Montanaro UK Smaller Companies (LON:MTU)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 105.71 ($1.38) and traded as low as GBX 104 ($1.35). Montanaro UK Smaller Companies shares last traded at GBX 104.50 ($1.36), with a volume of 399,967 shares changing hands.

Montanaro UK Smaller Companies Stock Performance

The company has a debt-to-equity ratio of 10.82, a quick ratio of 41.12 and a current ratio of 11.57. The company has a market capitalization of £178.13 million, a price-to-earnings ratio of 981.88 and a beta of 0.98. The firm has a 50-day simple moving average of GBX 105.62 and a two-hundred day simple moving average of GBX 107.36.

Montanaro UK Smaller Companies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 17th will be paid a dividend of GBX 1.22 ($0.02) per share. This represents a yield of 1.16%. The ex-dividend date of this dividend is Thursday, October 17th. Montanaro UK Smaller Companies’s payout ratio is currently 4,545.45%.

Insiders Place Their Bets

In related news, insider Barbara Powley bought 267 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of GBX 107 ($1.39) per share, for a total transaction of £285.69 ($371.90). Insiders own 0.21% of the company’s stock.

About Montanaro UK Smaller Companies

Montanaro UK Smaller Companies Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Montanaro Investment Managers Ltd. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of small-cap companies operating across diversified sectors.